Be careful when following Buffett.
He owns Wells Fargo common stock both personally and with Berkshire Hathaway.
The GE and Harley investments were made by Berkshire Hathaway. 10% preferred stock in GE and 15% bonds in Harley - neither issue is publicly traded.
An individual investor could follow his lead with Wells Fargo common stock, but can’t duplicate what he did with GE preferred and Harley Davidson bonds.
and Berkshire Hathaway stands to benefit greatly from both GE and Harley, thanks to perks to these companies in the bailout... isn’t that something like insider trading when Immelt sits on Obamas special economic board and GE through MSNBC and NBC has been manipulating public opinion for over a year? At this point our whole system is poisoned and it is people like Buffett or Soros who are pulling the strings and personally benefiting from the string-pulling.